Erin Papuga feeds her 7-month-old daughter, Caroline, in the Bumbo at their home in Chicago. (Heather Charles, Chicago Tribune) Like other gadgets that confine babies, including walkers, exercise saucers and bouncy seats, the Bumbo Baby Seat is not popular among physical therapists.
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies.
Bank-Owned Properties and REO (FAQs) REO is an acronym for Real Estate Owned and is industry jargon for foreclosure property repossessed by banks or lenders. If a lender or bank is the highest bidder at a foreclosure auction â or if no third party bids at the auction â the property reverts back to the lender and becomes an REO. REOs are owned by banks. Lenders go to great lengths to sell REOs. For banks, however, bank-owned homes are a liability.